Oil turned around and is going up with the S&P.With Venezuela restructuring it's debt tomorrow oil should be happy. They have to bring in tankers of light crude to blend that Venezuelan stuff into something most can refine. Those tankers don't unload without payment in full. Should be a lot of ink spilled over how this will all shake out.

“On November 8th, 2017 the Intercontinental Exchange (ICE) will launch the NYSE FANG PLUS Index. The term FANG was coined earlier this year after popular tech stocks Facebook, Amazon, Netflix and Google. ICE has added Apple, Baidu, Alibaba, Twitter, Tesla and Nvidia to the Index. This index will be equal weighted, meaning every stock in the NYSE FANG PLUS Index has the same weight, regardless of market capitalization of each individual company…. The initial margin will be $6160, which enables a very aggressive investor to take advantage of the leverage that this contract presents. Conversely, a conservative trader … can…......”https://www.insidefutures.com/article/2 ... Index.html

Expect we close close to this level. At 20 day Average Daily Range high. Friday afternoon, all major news is over (Fed Chair, Payrolls, Apple earnings) so I think we wait for something next week. Good weekend to see all the pro's come up with targets. So far today I have seen Elliot Wave and a separate Fib extensions and I am sure there will be several more by Monday.

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